Reprints

Reprint 1997-2

What does stabilizing greenhouse gas concentrations mean?

by Jacoby, H.D., R. Schmalensee and D.M. Reiner
Critical Issues in the Economics of Climate Change, B. Flannery et al. (editors), International Petroleum Industry Environmental Conservation Association, London, 1997

(Supersedes Report 14)

Abstract

The MIT Emissions Prediction and Policy Analysis (EPPA) model is applied to an exploration of the national emissions obligations that would be required to stabilize atmospheric CO2 concentrations at levels now under active discussion. The results indicate that the needed voluntary participation will be difficult to achieve, not least because nations at very different income levels would have to undertake similarly costly emissions restrictions. The need for more attention to the linkage between short-term policy proposals and long-term stabilization goals is highlighted.

Copyright IPIECA

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